The Billboard Global Music Index is up 12.6% over the last two weeks and 14.6% in the five weeks since Oct. 28
Spotify and Universal Music Group should have much to say about the direction of the music business.
Companies like Spotify and Deezer are ramping up their efforts to hook their users on products with better margins, from the spoken word to a wellness app.
Spotify accounted for 36% of Billboard's Global Music Index’s year-to-date value decrease.